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4431 Bellview Walk Duluth, GA 30097

4 Beds 4 Baths 2,504 sqft Built 2015

$385,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $153.75
  • 3 Days on Market
  • MLS # : 6831443
  • Updated Date : 01/23/2021 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 3 full , 1 half
Listing Agent's Description

MUST SEE! More than 20K in recent upgrades including custom woodwork, shiplap, lighting, fresh paint, and media room. Very quiet and convenient neighborhood with direct, gated access to both Peachtree Industrial and Abbotts Bridge. Gourmet kitchen includes stone counters and spacious gathering area for entertaining. 3 or 4 bedrooms depending on desired layout. 3rd level BONUS/ flex room can serve as a teen/in-law suite or a media/game room. Gracious size bedrooms each with private bath access. Huge owner retreat with custom woodwork and large bath. Pleanty of storage

SEE MORE

MARKET HIGHLIGHTS

  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)

PRICE & RENT TRENDS

Neighborhood: Duluth

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $113k437k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Duluth

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100220023002400Rent in $9732417

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chattahoochee Elementary School Primary Regular 1,248 79 9
Coleman Middle School Middle Regular NA
Duluth High School High Regular 2,675 142 7

Chattahoochee Elementary School

  • Education Level: Primary
  • # of students: 1,248
  • # of teachers: 79
9
GreatSchools Rating

Coleman Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Duluth High School

  • Education Level: High
  • # of students: 2,675
  • # of teachers: 142
7
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,337
Property Tax -$463
Property Insurance -$76
HOA -$135
Property Management Fees -$119
CASH FLOW
$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.09%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.38%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,571

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,140

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,141

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1403$2,2004$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4431 Bellview Walk Duluth, GA 2
    • 4 beds 4 baths ∙ 2,504 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,504 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.85
    •  
  • 4183 Divot Way Duluth, GA 1
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2003
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 6500 Ganton Drive Johns Creek, GA 3
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1996
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 6525 Ganton Drive Johns Creek, GA 4
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1996
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 140 Jilstone Court Duluth, GA 5
    • 5 beds 4 baths ∙ 2,658 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,658 Sqft ∙ Built 2003
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Rhonda Duffy
1.678.318.3613
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6831443
Last Updated: 01/23/2021
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. Copyright (c) 2021 First Multiple Listing Service, Inc.

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